George F. Will: Federal Reserve should not be into fiscal policy

Fortunately, not everything is up to date in Kansas City. Esther George, president of the regional Federal Reserve Bank here, is refreshingly retrograde regarding what less-circumspect people welcome as the modernizing of the nation's central bank into a central economic planner.

Popular Comments

The distinctions between fiscal policy and monetary policy are not quite as
obvious as George Will would have them be. The Federal Reserve Bank does have
Congressional oversight and its Board members are Presidential appointees. Do we
really want to
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10:08 a.m. Sept. 13, 2012

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SEY

Sandy, UT

George Will has nailed it. The failed objectives of the Federal Reserve and the
federal government have sapped the U.S. economy of its ability to create wealth
for everyday Americans. The problem is that there is no easy way out of what
they've
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11:22 a.m. Sept. 13, 2012

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Twin Lights

Louisville, KY

SEY,

If the Fed has been part of sapping our economy of its ability
to create wealth for everyday Americans, why was the period from 1940 to the
1990s, so good for the middle class and America generally? Yes, I know about
WWII, but surely
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George F. Will is one of the most widely recognized, and widely read, writers in the world. With more than 450 newspapers, his biweekly Newsweek column, and his appearances as a political commentator on ABC, Will may be more ..